The OPSEU Pension Trust is partnering with several investment firms to buy three buildings in the downtown Toronto financial district. The properties are anchored to the Dynamic Funds Tower, the OPTrust’s current corporate headquarters. The other investors include the Great-West Life Real Estate Fund, the London Life Real Estate Fund and I.G. Investment Management Ltd. […]
The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 22 per cent stake in IndInfravit Trust, an Indian-based infrastructure conglomerate, for $160 million. IndInfravit, which owns and operates toll-road concessions, already counts the Canada Pension Plan Investment Board and Allianz Capital Partners as investors. “IndInfravit is a well-managed, world-class core infrastructure asset,” said Bruce Crane, managing […]
The real estate investing arms of the Caisse de dépôt et placement du Québec and the Ontario Municipal Employees Retirement System are teaming up to invest in the U.S.-based IDI Logistics. “We are delighted to be working with Oxford on this venture for the future success of IDI Logistics, a company which consistently builds, operates and […]
The Corporation of the City of York Employee Pension Plan officially transferred the management of its assets and liabilities to the Ontario Municipal Employees Retirement System plan last week, as part of a broader initiative to transfer four pre-OMERS plans from the City of Toronto to OMERS. The City of York plan was closed to […]
OMERS Ventures, the venture capital arm of the Ontario Municipal Employees Retirement System, is expanding into the U.S. with an office in Silicon Valley, California. The firm is hiring Michael Yang, an experienced venture capital investor who’s especially familiar with investing in startup e-commerce and emerging technologies. “We are thrilled to expand our physical footprint with dedicated resources to deploy additional capital […]
The Corporation of the City of York Employee Pension Plan officially transferred the management of its assets and liabilities to the Ontario Municipal Employees Retirement System plan last week, as part of a broader initiative to transfer four pre-OMERS plans from the City of Toronto to OMERS. The City of York plan was closed to […]
The Corporation of the City of York employee pension plan is merging with the Ontario Municipal Employees Retirement System. The City of York plan is one of five defined benefit plans sponsored by the City of Toronto. It covers 83 retired members and 79 survivor pensioners. Its latest valuation showed that, as of Dec. 31, 2017, it had […]
Readers were focused on the Canada Pension Plan and old-age security in 2018, with the top three most read stories tackling those topics. Benefits Canada rounds up the industry’s favourite pension and retirement stories of the year: 1. New CPP, OAS benefit amounts take effect for 2018 2. Increase to OAS benefits takes effect July 1 3. Why aren’t Canada’s public […]
The Ontario Municipal Employees Retirement System’s private equity arm is selling its majority stake in a U.S. auto repair company to investment firm Hellman & Friedman. The pension fund invested in Caliber Collision Centers, an auto collision repair provider with 600 branches around the U.S., in 2013. The transaction will lead to a merger between Caliber and Abra […]
The Ontario Municipal Employees Retirement System’s infrastructure arm, along with Allianz Capital Partners and Axa Investment Manager’s real assets service, is taking on a 49.9 per cent stake in SFR FTTH, a French fibre optic infrastructure company. The newly incorporated company, formed by Altice France, currently services one million homes, and that’s set to grow to […]